The Emporia weekly news. [volume] (Emporia, Kan.) 1881-1889, 1887-09-15
Dun'a WoekIv Revtev.

NEW YORK, Sept. 10.-R. G. Dun q
Co., in their weekly review of trade,
say: Commerce and industry have inn
proved, while speculation has slack
eDed. A very different result was ex-
pected when it was announced week
ago that a syndicate had undertaken
to raise SIC, OOO, 600 for the Baltimore s.
Ohio, and to establish harmony be-
tween the trunk lines. At first stocks
rose quickly, an average of "a per share,
but soon it was seen that the borrow
ing Of millions by great company did
not necessarily mean or bring prosper
ity. Declines in Baltimore s. Ohio and
other stocks affected by the Ives fail
ure followed and gradual reaction
toward lower prices, and speculative
Inactivity has continued this week. On
the other hand, evidence appears of
decided improvement in legitimate
business, with larger sales, larger pro-
duction and more wholesome feeling,
even in branches lately most depressed.
The Improvement in the wooden goods
trade is clearly marked, though that
trade cannot yet be called active. Lower
prices for wool encourage manufactur-
ers and the demand for goods is broad
ening. The distribution of cottons con-
tinues large with especial demand for
the best qualities and the manufacturer
is relieved from fear Of speculative cor
nerS in material, the new crop being
undoubtedly large one, though below
early estimates. Disheartment in some
quarters lest an output far SURPRISING
the consumptive demand should de-
press prices is met by the fact that the
best grades are scarce and we'll MAIN
tanned though in other grades and
brands not well known weakness ap-
pears.
The mills in which iron is worked in
to forms for use are generally pressed
with orders. Bar iron has a good de-
mand and the orders for plate and tank
iron press the works to their full capac-
ity. Makers of iron are crowded and
in the main business is slightly better.
In steel rails, though even the Thomas
company sell at $36 for winter delivery,
and the yielding in prices disheartens
some makers, there is general dispO-
sition to shut out foreign products, and
facilities for producing at lower cost
are steadily increasing.
Wheat speculation seems to have
gone into bankruptcy, stagnatiOn
of Liverpool freight rates to fed.
The price has lifted emily
the past week while corn and oats have
risen 1, pork 25 cents per barrel and
lard 10 cents per 100 pounds. Oil has
advanced 5 cents and producers are
succeeding in limiting the supply.
Sugar shows tendency to boom, hav-
ing risen of cent per one hundred
pounds, while coffee is weaker, high
rates for money affecting Brazil hold
ers. Copper is weaker with the open
ing of the Calumet and Hecla mines.
Large offerings of tea at auction re-
suited in moderate prices and the rice
market is improving in activity. Sup
plies of butter are very liberal and
prices for grades under extra are irreg-
ular.
Evidence of general improvement
comes from nearly all cities. The re-
markably heavy distribution of hard
ware and farmers supplies at Chicago
and st. Louis with an activity of
banks, not from speculative demands,
and reports of increase in shipments by
railroads from this city promise salts
| factory returns of all trade. Money is
generally active at interior points and
collections fair. The large supplies of
money from Europe, already received
and on the way, clear off heavy loans,
which have tied up home capital and
promised much relief. Failures at New
Haven and Philadelphia have involved
| some minor houses but do not indicate
especial weakness in any special branch
| of trade. For the present the signs
| favor a large and favorable fall bust
ness unless stringency should inter-
rupt.
Business failures during the last
/ seven days number for the United
| States 152, for Canada %, total of I74;
compared with 1919 last week and 17S
in the same week of last year.